Charakteristische Rendite-Risiko-Strukturen bei überregionaler Investitionstätigkeit / Risk and Return Characteristics of Small and Medium-Sized Firms by National Investment: Zur Theorie und Empirie der Direktinvestitionen kleiner und mittlerer Unternehmen

Putnoki Hans
Additional contact information
Putnoki Hans: BA Ravensburg, Marienplatz 2, D-88212 Ravensburg

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1996, vol. 215, issue 5, 552-561

Abstract: This study shows that for small and medium-sized enterprises the market price of risk decreases along with the degree of market saturation. Enterprises operating in saturated markets are thus characterized by low risk premiums and high basic yields. It is the reverse for enterprises operating in largely unsaturated markets.A comparison of yield and risk structures between enterprises investing at a supraregional level and those investing regionally shows that firms investing beyond their own region not only have a substantially higher basic yield but also run relatively lower risks.

Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbnst-1996-0505 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:215:y:1996:i:5:p:552-561:n:1005

DOI: 10.1515/jbnst-1996-0505

Access Statistics for this article

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) is currently edited by Peter Winker

More articles in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) from De Gruyter
Bibliographic data for series maintained by Peter Golla ().